Emissions Verification and Compliance

CCX is the only active standardized system in North America for requiring a rigorous level of greenhouse gas (GHG) emissions reporting, verification and compliance. Although CCX is not a regulated exchange, FINRA, a leading provider of financial regulatory services, acts as CCX's regulatory services provider. This ensures the highest degree of market integrity for the CCX program.

Role of FINRA:

To independently verify all CCX Members' Baseline and annual emissions reports for Phase I and Phase II program years for accuracy and completeness, and to ensure compliance with the CCX Emission Reduction Schedule.
To monitor CCX trading activity using its state-of-the-art market surveillance technologies.
To review all verifier's reports for offset projects.

Compliance with the CCX Emission Reduction Schedule is enforced by the CCX Environmental Compliance Committee. Members whose emissions do not meet annual emission reduction targets must use banked allowances from previous years or purchase Carbon Financial Instrument® (CFI®) contracts on the CCX Electronic Trading Platform to meet their compliance requirements.

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